🛸 CASE FILE #290
$2.84 MILLION STOLEN. NORTH KOREAN HACKERS SUSPECTED.
On-chain investigator ZachXBT reports that an institution may have lost $2.84 MILLION in an October 8 attack on BNB Smart Chain.
The suspected laundering trail?
🔴 October 20: 1,111.2 ETH deposited into Tornado Cash.
🔴 Funds withdrawn to three addresses.
🔴 Assets routed through intermediaries toward Chinese OTC desks within minutes, potentially to avoid a Tether freeze.
ZachXBT says two consolidation addresses had exposure to wallets previously linked to North Korea.
The alarming part isn't just the theft. It's how quickly stolen crypto can move through multiple networks and intermediaries.
Was this another operation by North Korea-linked SquidSquad?
$2.84 MILLION STOLEN. NORTH KOREAN HACKERS SUSPECTED.
On-chain investigator ZachXBT reports that an institution may have lost $2.84 MILLION in an October 8 attack on BNB Smart Chain.
The suspected laundering trail?
🔴 October 20: 1,111.2 ETH deposited into Tornado Cash.
🔴 Funds withdrawn to three addresses.
🔴 Assets routed through intermediaries toward Chinese OTC desks within minutes, potentially to avoid a Tether freeze.
ZachXBT says two consolidation addresses had exposure to wallets previously linked to North Korea.
The alarming part isn't just the theft. It's how quickly stolen crypto can move through multiple networks and intermediaries.
Was this another operation by North Korea-linked SquidSquad?